GM Offers Buyout to 126,000 Union Workers

DETROIT — In one of the largest buyout plans in U.S. corporate history, General Motors (GM) will offer money to about 126,000 hourly employees at its plants and at supplier Delphi (DPHIQ) to quit their jobs. GM will offer buyouts to all its United Auto Workers employees, about 113,000, a crucial step toward saving itself financially. The world's largest automaker said in November that it wants to shed 30,000 blue-collar workers.

Read more: USA Today